It is the 21st of November 2019

News

Amazon Registers Crypto, Ethereum Domains As Rumors Swirl It May Soon Accept Bitcoin

Over the past week, rumors have swirled that Amazon may be preparing to accept bitcoin as a form of payment, a decision which would lend immediate credibility and legitimacy to the cryptocurrency. Last week, Die Welt reported that fintech sources in Silicon Valley were suggesting that the global online retail giant could soon integrate Bitcoin as a payment option.

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Amazon Soars Above $1,000 After Smashing Expectations

Amazon has done it again, and following a lukewarm second quarter and with Goldman warning not to get too excited going into earnings, Amazon is back to its short-crushing ways, reporting both revenues and EPS which blew away expectations.  In Q3, Amazon reported EPS of 52 cents, unchanged from a year ago (due to fudging the company's tax rate) and beating consensus estimates of 4 cents, on net sales of $43.7 billion, also well above the $42.19 billion consensus estimate, entirely due to the contribution of AWS.  It was also above the high end of the company's own range, which topped out at $41.75 but did not include Whole Foods, which deal closed on August 28. That said, AMZN EPS expectations as recently as July were $1.09.

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The Bids Are In: Amazon Offered Up To $7 Billion In Tax Breaks ($140k Per Employee) For Second U.S. HQ

For the past several months, cities all across the country have been competing for the opportunity to host Amazon's second headquarters which promises $5 billion in capital investment and 50,000 new jobs over a period of time.  And now that the bids are in, we have the opportunity to review some of the staggering tax subsidies offered to one of Silicon Valley's biggest companies.

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